According to reports from Moneycontrol, Anand Rathi has issued a buy rating on Greenpanel Industries with a target price of ₹320. The brokerage's research report dated May 19, 2026 maintains its bullish stance on the stock, valuing it at 20x FY28e EPS. The recommendation comes as the company demonstrated strong operational performance in Q4FY26.
As reported by Moneycontrol, Greenpanel Industries delivered a broadly in-line performance in Q4FY26 with adjusted EBITDA growing by 7.1% quarter-on-quarter to ₹0.35 billion. The company achieved strong double-digit growth in MDF volume of 28% for the third consecutive quarter, compared to 25% in Q2FY26 and 17% in Q3FY26. The MDF segment margin improved to a six-quarter high of 7.2% in Q4FY26, reflecting the company's strategic focus on market share improvement from Q1FY26 onwards.
According to Anand Rathi's analysis reported by Moneycontrol, the brokerage projects sharp earnings growth over the next 3 years for Greenpanel Industries. The firm believes that pricing power in the sector is likely to start emerging from FY28e in anticipation of improvement in industry operating rate to the 80% mark. This optimistic outlook supports the maintained buy rating with the unrevised target price of ₹320.
